United Airlines Holdings, Inc. (UAL) Debt to Equity Ratio: 2.03
Is United Airlines Holdings, Inc.’s debt to equity ratio high or low?
United Airlines Holdings, Inc.'s debt to equity ratio of 2.03 is 55% below its 5-year average of 4.54, near the low end of its 5-year range (2.03–7.83).
As of Tuesday, June 16, 2026. 13.25% below its 12-month average of 2.34.
UAL Debt to Equity Ratio Chart
UAL Average Debt to Equity Ratio Chart
UAL Current vs Average Debt to Equity Ratio Chart
UAL Debt to Equity Ratio Metrics
DEBT TO EQUITY RATIO
2.03
DEBT TO EQUITY RATIO AVG TTM
2.34
DEBT TO EQUITY RATIO AVG 3Y
3.48
DEBT TO EQUITY RATIO AVG 5Y
4.54
DEBT TO EQUITY RATIO AVG 10Y
3.21
DEBT TO EQUITY RATIO AVG 15Y
4.02
DEBT TO EQUITY RATIO AVG 20Y
4.04
CURRENT VS TTM AVG
-13.25%
CURRENT VS 3Y AVG
-41.58%
CURRENT VS 5Y AVG
-55.27%
CURRENT VS 10Y AVG
-36.71%
CURRENT VS 15Y AVG
-49.51%
CURRENT VS 20Y AVG
-49.79%
UAL Competitors' Debt to Equity Ratio
| NAME | MARKET CAP | DEBT TO EQUITY RATIO | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| United Airlines Holdings, Inc. (UAL) | $38.94B | 2.03 | 2.34 | 3.48 | 4.54 |
| EMCOR Group, Inc. (EME)vs › | $37.51B | 0.23 | 0.17 | 0.19 | 0.21 |
| Paychex, Inc. (PAYX)vs › | $36.15B | 1.22 | 0.72 | 0.50 | 0.44 |
| Axon Enterprise, Inc. (AXON)vs › | $35.72B | 0.59 | 0.59 | 0.55 | 0.37 |
| Westinghouse Air Brake Technologies Corporation (WAB)vs › | $45.62B | 0.50 | 0.45 | 0.42 | 0.42 |
| Dover Corporation (DOV)vs › | $29.88B | 0.51 | 0.48 | 0.65 | 0.72 |
| Old Dominion Freight Line, Inc. (ODFL)vs › | $49.07B | 0.03 | 0.04 | 0.03 | 0.03 |
| Curtiss-Wright Corporation (CW)vs › | $28.17B | 0.52 | 0.51 | 0.56 | 0.59 |
| Copart, Inc. (CPRT)vs › | $28.05B | 0.01 | 0.01 | 0.02 | 0.07 |
| ATI Inc. (ATI)vs › | $26.77B | 1.08 | 1.05 | 1.34 | 1.84 |
Financial Health
Debt/Equity
2.03
Current Ratio
0.65
United Airlines Holdings, Inc. Debt to Equity Ratio Formula & Definition
Debt to Equity measures financial leverage by comparing total debt to shareholders' equity.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
United Airlines Holdings, Inc. Debt to Equity Ratio FAQ
- What is the debt to equity ratio for United Airlines Holdings, Inc. (UAL)?
- The debt to equity ratio for UAL stock is 2.03.
- Is United Airlines Holdings, Inc.'s debt to equity ratio high or low?
- United Airlines Holdings, Inc.'s debt to equity ratio of 2.03 is 55% below its 5-year average of 4.54, near the low end of its 5-year range (2.03–7.83).
- What is the TTM average debt to equity ratio for United Airlines Holdings, Inc. (UAL)?
- The TTM average debt to equity ratio for UAL stock is 2.34.
- What is the 3Y average debt to equity ratio for United Airlines Holdings, Inc. (UAL)?
- The 3Y average debt to equity ratio for UAL stock is 3.48.
- What is the 5Y average debt to equity ratio for United Airlines Holdings, Inc. (UAL)?
- The 5Y average debt to equity ratio for UAL stock is 4.54.
- What is the 10Y average debt to equity ratio for United Airlines Holdings, Inc. (UAL)?
- The 10Y average debt to equity ratio for UAL stock is 3.21.
- What is the 15Y average debt to equity ratio for United Airlines Holdings, Inc. (UAL)?
- The 15Y average debt to equity ratio for UAL stock is 4.02.
- What is the 20Y average debt to equity ratio for United Airlines Holdings, Inc. (UAL)?
- The 20Y average debt to equity ratio for UAL stock is 4.04.
United Airlines Holdings, Inc. Debt to Equity Ratio History
| DATE | DEBT TO EQUITY RATIO |
|---|---|
| 2025-12-31 | 2.03 |
| 2024-12-31 | 2.65 |
| 2023-12-31 | 3.94 |
| 2022-12-31 | 5.28 |
| 2021-12-31 | 7.83 |
| 2020-12-31 | 5.50 |
| 2019-12-31 | 1.77 |
| 2018-12-31 | 1.97 |
| 2017-12-31 | 1.65 |
| 2016-12-31 | 1.35 |
| 2015-12-31 | 1.31 |
| 2014-12-31 | 5.06 |
| 2013-12-31 | 4.16 |
| 2012-12-31 | 27.37 |
| 2011-12-31 | 7.05 |
| 2010-12-31 | 8.76 |
| 2007-12-31 | 3.49 |
| 2006-12-31 | 4.93 |
| 2001-12-31 | 3.35 |
| 2000-12-31 | 1.42 |
| 1999-12-31 | 1.03 |
| 1998-12-31 | 1.65 |
| 1997-12-31 | 1.79 |
| 1996-12-31 | 3.30 |
Related Metrics
About United Airlines Holdings, Inc.
United Airlines Holdings, Inc., through its various subsidiaries, delivers air travel solutions on a global scale. Its vast network extends across North America, Europe, Asia, Africa, the Pacific, the Middle East, and Latin America, facilitating the movement of both passengers and freight. The company operates these services using a combination of its primary and regional aircraft fleets. Beyond its core transportation offerings, United also provides specialized support to external clients, encompassing catering, ground handling, aviation training, and aircraft maintenance. Established in 1968, the enterprise has its principal offices in Chicago, Illinois. Notably, it adopted its current name, United Airlines Holdings, Inc., in June 2019, having previously operated as United Continental Holdings, Inc.
- Sector
- Industrials
- Industry
- Airlines, Airports & Air Services
- CEO
- J. Scott Kirby